Retirement plan

SIMPSON MANUFACTURING CO. , INC. 401(K) PROFIT SHARING PLAN

Name: SIMPSON MANUFACTURING CO., INC - SIMPSON MANUFACTURING CO. , INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: SIMPSON MANUFACTURING CO., INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMPSON MANUFACTURING CO. , INC. 401(K) PROFIT SHARING PLAN, SIMPSON MANUFACTURING CO., INC

SIMPSON MANUFACTURING CO., INCEIN 94-3196943Plan #001PY 2020

5956 WEST LAS POSITAS BLVD. - PLEASANTON, CA 94588925-560-9000simpsonmfg.comLinkedIn1001-5000 employees

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$272M

-13.8% from 2016

Total participants

2,364

-9.9% from 2016

Average account balance

$117,003

-6.6% from 2016

Annual return

15.74%

+9.46 pp from 2016

Benchmarks

See 763 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort763 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$442.23M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$122K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,619

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.11%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.6+ years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$14,658
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD GROUP, INC. Service code 15 · EIN 23-1945930	Recordkeeping	$4,900

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$18K

$9 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.007%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,003

$176,471-33.7%

$95,968+21.9%

$90,274+29.6%

Participation rate

98.0%

86.6%+11.5pp

77.1%+21.0pp

73.4%+24.7pp

Annual return

15.74%

20.15%-4.4pp

91.65%-75.9pp

53.97%-38.2pp

Employer contribution / active EE

$6,669

$2,783+139.6%

$2,542+162.4%

$2,523+164.3%

Participant deferral / active EE

$4,078

$5,325-23.4%

$4,167-2.1%

$4,231-3.6%

Admin fee / account holder

$154-95.0%

$6,798-99.9%

$114-93.3%

Provider

Service type

Compensation

MILLIMAN, INC.6+ years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$14,658

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD GROUP, INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$4,900

SIMPSON MANUFACTURING CO. , INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMPSON MANUFACTURING CO. , INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion